| Home

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Insurer Nationwide, 7 states agree over unclaimed death benefits

Email Newsletters

Sign up for one of our email newsletters.

Daily Photo Galleries

Friday, Oct. 12, 2012, 11:22 a.m.

COLUMBUS, Ohio — Ohio is one of seven states that will share $7.2 million from insurer Nationwide under an agreement over death benefits that go unclaimed.

The Columbus Dispatch reports Nationwide has identified more than 4,700 unclaimed death benefits and paid $144 million to beneficiaries since the start of a joint investigation by the states. It began with allegations that insurers held back payouts despite knowing policyholders had died.

California, Florida, Illinois, New Hampshire, North Dakota and Pennsylvania also are involved. It's not clear exactly how much money each state will get.

The agreement requires Nationwide to take steps that include cross-checking its insurance files with Social Security information.

Nationwide denies wrongdoing. A spokesman says its companies cooperated in the process.

Three other insurance companies previously reached agreement over unclaimed death benefits.

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Stories

  1. North Side toymaker Digital Dream Labs starts strong in 1st holiday season
  2. Web-savvy terrorists have success luring U.S. recruits with social media
  3. Mt. Pleasant Area School Board puts limit on taxes for 2016-17
  4. Pirates showing interest in starting pitcher Masterson
  5. Pitt’s surge goes for naught as No. 11 Purdue prevails
  6. Monessen Civic Center to host ‘Christmas Show’
  7. Stylish, inexpensive dress takes television newsrooms by storm
  8. Automakers feast on deals in November
  9. Pittsburgh City Council advances $1M study of buildings
  10. Overseas data, financial shares lead stocks to strong December start
  11. Believe in Connellsville contest begins